Financial Analyst

Job Posting Title

Financial Analyst

Agency

840 OKLAHOMA WORKFORCE COMMISSION

Supervisory Organization

Oklahoma Workforce Commission

Job Posting End Date

Refer to the date listed at the top of this posting, if available. Continuous if date is blank.

Note: Applications will be accepted until 11:59 PM on the day prior to the posting end date above.

Estimated Appointment End Date (Continuous if Blank)

Full/Part-Time

Full time

Job Type

Regular

Compensation

$58,000 - $62,500

Job Description

Basic Purpose

Positions in this job family perform analytical work involving the collection and evaluation of agency financial data, budgetary control records and other information concerning agency expenditures and revenues to determine budget requirements, develop budget work programs, prepare proposed legislation and develop justification for requested funding levels. This includes the analysis of financial information concerning expenditures for payroll, capital projects, operating expenses, supplies and equipment, professional services contracts, and other costs, and of projected revenues from various fees, taxes, tolls, investments, appropriations and other sources and developing recommendations or proposals concerning appropriate changes. It also includes the allocation of projected revenues to various functions and activities, continuing review and evaluation of actual expenditures and revenue against budget projections and making adjustments or corrections as needed.

Typical Functions

The functions performed in this job family will vary by level, unit and organization, but may include the following:

• Compiles data related to agency financial transactions and operations, revenues and expenditures.

• Prepare fiscal reports, statistical data, and administrative documents as required

• Coordinate the approval or denial of claims and invoices

• Analyzes financial information concerning personnel, capital projects, supplies and equipment, professional services, and other expenses; determines budgetary requirements by function and activity.

• Participates in surveys, studies, meetings and legislative hearings concerning agency financial requirements; provides assistance to agency managers and supervisors in preparing budget estimates and proposals; conducts research and analysis on proposed legislation or other factors affecting budget requirements.

• Reviews revenue projections from appropriations, fees, taxes, tolls and other sources; matches projected revenue to projected expenditures; makes recommendations concerning changes in program goals, workloads, staffing patterns, funds distribution and other areas; identifies needs for changes in various sources of revenue.

• Develops agency budget work programs, including justification; prepares proposed legislation.

• Audit funding for reports and invoices

• Maintain a Correction Report detailing data reported incorrectly or needs revision or needs revision

• Review audit findings from an independent contractor and assist in developing a process to account for the findings

• Assist with the implementation and administration of program changes in federal and state regulations

• Train providers and maintain currency of program manuals

 

Knowledge, Skills, Abilities and Competencies

Knowledge, Skills and Abilities required at this level include knowledge of the principles and practices of organization and management; of public administration; of methods and techniques for conducting research and analysis; of various sources of revenue available to governmental agencies; of typical expenditures required to provide governmental services; of the principles and practices of governmental accounting and budgeting; of program evaluation techniques; of services which can be provided by other sources, including the private sector; of the legislative process; and of the principles and practices of effective communication.

 

Ability is required to review and analyze financial data; to establish realistic budget goals, to organize and present facts and opinions accurately, to analyze and understand agency goals and objectives; and to establish and maintain effective working relationships with others.